Loan-file cross-checking.
Valuation, QS, contract of sale and credit submission read together, with discrepancies in GRV, cost-to-complete, presale coverage and LVR flagged with the source pages.
For private credit and construction lenders
Read every page of the loan file. Every time.
Credit submissions, valuation and QS reports, presale schedules, drawdown claims and covenant certificates — extracted, cross-checked and monitored so your credit team spends its time on judgement, not page-turning.
The challenge
Australian real estate private credit has grown faster than the teams underwriting it. A single construction facility carries a valuation report, a QS cost-to-complete, a builder's contract, presale contracts, a planning approval, a monthly drawdown pack, and any one of them can contradict another. Missed inconsistencies become losses. Slow reviews lose the deal to the lender across the road.
What you gain
Drawdown review.
Each claim checked against the QS report, the previous claim and the approved budget. Variations and cost overruns surfaced before they compound.
Covenant and presale monitoring.
Presale expiries, sunset dates, settlement risk, interest-cover and LVR tests tracked continuously across the book, with early warning when a facility drifts.
Portfolio intelligence.
Concentration by sponsor, builder, suburb and asset class visible at any time, with the reasoning behind every risk rating.
Credit memory.
Prior facilities, sponsor track records and what actually happened at practical completion become context for the next credit paper.
Built for the Australian lending frame
Presale and sunset-clause conventions, state-based off-the-plan rules, security packages including GSA and tripartite deeds, QS reporting standards, and the covenant structures common to Australian non-bank and bank CRE lending.